ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on September 14, 2012. Click here to read the entire piece.) The Swiss National Bank (SNB) struck a very dour note in its latest statement on monetary policy. Blaming in part the continued over-valuation of the Swiss Franc (FXF) – “the Swiss … Read more
Two nations have the odd combination of near zero interest rates and extremely strong currencies: Japan and Switzerland. Japan has finally moved once again to try weakening its popular currency (click here for a description I gave on how to play the intervention). The Swiss National Bank (SNB), burned by a very unsuccessful attempt to … Read more
Currencies swung wildly and dramatically yesterday. Lost in the breathless descriptions of the continued surge in the US dollar and the sudden strength in the Japanese yen is that the drama really began with renewed strength in the Swiss franc. At around 5am Eastern, the franc suddenly surged against all currencies. In particular, it traded … Read more
Looks like the Swiss National Bank (SNB) tried to have the last laugh on this April Fool’s Day with another attempt to arrest the appreciation in its currency. This intervention was impressive with a 240 pip pop (2.3% move overall), but it only brought the currency back to last week’s trading levels. Source: dailyfx.com charts … Read more